Saturday, September 26, 2009

Wishing you a Happy Durga Puja

 

 

 

--
Thanks & Regards

Aditya Kachru

 

Mutual Funds | Life Insurance | Health Insurance | Motor Insurance | Equity | Fixed Income | Real Estate

 

Thursday, September 24, 2009

[Investors Please Listen] Launch of Religare PSU Equity Fund

"6 out of Top 10 companies in India are Public Sector Companies. Of the 50 companies which make up the NIFTY, 10 companies are PSUs. Top 18 PSU companies' (called 'Navratnas') total income is equal to 15% of India's GDP. In 2008, Public Sector Companies paid over 33.5% of their net profits as dividends."

 

We are pleased to announce the launch of Religare PSU Equity Fund – an open ended equity scheme which will invest in Government Companies having presence in core sectors and those which are expected to benefit from divestment process and reforms. The fund is one of its kind in the industry with an objective to generate long term capital appreciation by investing in equity and equity related instruments of companies where the Central / State Government(s) has majority shareholding or management control or powers to appoint majority of directors.

 

Some advantages of investing in PSU companies:

o        Strong Fundamentals - Most of the PSU companies are leaders in their category and in many cases have a virtual monopoly in business

o        Most of the PSU companies are present in sectors, which are core to the India Growth Story

o        Government focus on Listing of Public Sector Companies and further divestment of stake in existing companies

o        PSU companies are currently available at reasonable valuations compared to broader markets

o        The expected re-rating of these companies in future in the event of Government divesting stakes in PSU companies, can lead to above average gains over a period of time

 

Other salient features of the fund:

o        The Fund will also participate in forthcoming IPOs of Government Companies

o        The Fund mandate provides the flexibility up to 20% to hold companies even after Government exits or becomes a minority shareholder

o        At least 65% of the assets will be invested in companies, which are part of the BSE PSU Index. Balance 35% will be invested in PSUs outside the BSE PSU Index

o        The Fund will have no market capitalisation bias and will be style neutral

o        The Fund is ideally suited for investors looking forward to benefiting from the long term value unlocking in Public Sector Enterprises

 

New Fund Offer Opens on: 29th September, 2009

New Fund Offer Closes on: 28th October, 2009

 

Please contact us @ 0-9818269396 or investorspleaselisten@in.com for any further information and clarification relating to the new fund offer.

We assure you the best of services and attentions at all times and look forward your queries.



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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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[Investors Please Listen] Launch of Religare PSU Equity Fund

"6 out of Top 10 companies in India are Public Sector Companies. Of the 50 companies which make up the NIFTY, 10 companies are PSUs. Top 18 PSU companies' (called 'Navratnas') total income is equal to 15% of India's GDP. In 2008, Public Sector Companies paid over 33.5% of their net profits as dividends."

 

We are pleased to announce the launch of Religare PSU Equity Fund – an open ended equity scheme which will invest in Government Companies having presence in core sectors and those which are expected to benefit from divestment process and reforms. The fund is one of its kind in the industry with an objective to generate long term capital appreciation by investing in equity and equity related instruments of companies where the Central / State Government(s) has majority shareholding or management control or powers to appoint majority of directors.

 

Some advantages of investing in PSU companies:

o        Strong Fundamentals - Most of the PSU companies are leaders in their category and in many cases have a virtual monopoly in business

o        Most of the PSU companies are present in sectors, which are core to the India Growth Story

o        Government focus on Listing of Public Sector Companies and further divestment of stake in existing companies

o        PSU companies are currently available at reasonable valuations compared to broader markets

o        The expected re-rating of these companies in future in the event of Government divesting stakes in PSU companies, can lead to above average gains over a period of time

 

Other salient features of the fund:

o        The Fund will also participate in forthcoming IPOs of Government Companies

o        The Fund mandate provides the flexibility up to 20% to hold companies even after Government exits or becomes a minority shareholder

o        At least 65% of the assets will be invested in companies, which are part of the BSE PSU Index. Balance 35% will be invested in PSUs outside the BSE PSU Index

o        The Fund will have no market capitalisation bias and will be style neutral

o        The Fund is ideally suited for investors looking forward to benefiting from the long term value unlocking in Public Sector Enterprises

 

New Fund Offer Opens on: 29th September, 2009

New Fund Offer Closes on: 28th October, 2009

 

Please contact us @ 0-9818269396 or investorspleaselisten@in.com for any further information and clarification relating to the new fund offer.

We assure you the best of services and attentions at all times and look forward your queries.



--~--~---------~--~----~------------~-------~--~----~
Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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Disclaimer -
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[Investors Please Listen] Cipla has completed a QIP of around Rs 670 cr. Impact positive on the company


 

Though this QIPO will result in dilution in earnings to the extent of 3-4% we believe the net impact will be positive for the company as it can generate better returns from the incremental capex. The company has plans of capex of around Rs 500-600 cr per annum. Company expects to generate ROA of 1.5-1.8 times thus it can improve its return ratios. Cipla has debt of around Rs 900 cr at the end of FY09 Pre dilution our EPS estimates for Cipla are Rs 12.9 for FY10 & Rs 15.2 for FY11. At the CMP the stock is trading at 17x FY11 EPS.


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[Investors Please Listen] Lupin likely to make an announcement regarding acquisition of Antra: Impact positive on stock price, incremental earnings Rs 3-4 per share


 

Some media reports suggest that Lupin has bought a drug called Antra from Ocient Pharma of US for around USD 35. Lupin bought this brand at around 0.5x sales because Ocient Pharma is under bankruptcy. Just to give a perspective Ocient it bought this same brand around 2 years ago at 2x sales. We believe this acquisition is EPS accretive for Lupin as one it has bought this brand at relatively cheaper price & secondly it can leverage its already existing sales force in US. Lupin will have to employ additional 100 people in its sales force for this product but this will surely strengthen its [position regulated mkts. Our rough cut estimates suggest incremental earnings of around Rs 3-4 per share for Lupin from this acquisition which roughly translates into an increase of Rs 45-50 in the stock price. Please note that till the time of writing this article this news has not been formally announced in Indian press by the company but we expect the formal announcement very soon.

Our sources also suggest there may be a few more announcements by the company in next couple of months on acquisitions in countries like Brazil, Japan & China. Hence we expect the stock price to remain buoyant.


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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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Tuesday, September 22, 2009

[Investors Please Listen] BILT Q4FY09 & FY09 Result Conference Call highlights

The results for the year were affected due to the closure in the Kamalapuram plant which manufactures Rayon grade pulp and the weak performance in Sabah industries.

The management believes that coated paper prices have already started firming up while uncoated paper prices especially in India will see further correction. Paper prices are directly dependent on pulp prices. Though pulp prices have started firming up globally, its subsequent effect in Paper prices will be seen in the coming quarters which should affect the company positively. 

Rayon grade pulp prices have started improving on account of revival of demand from the textile industry. The company has a 3 months order from its biggest buyer – Grasim and the plant is already running at full capacity.

The capex expected for the next 2 years will be to the tune of USD 145 mn which the company will raise through internal accruals. Though they have no plans of raising any further debt, equity dilution route at BPH levels may be considered for the same.

The company has a total debt of $ 565 mn due to their Netherland SPV and Rs 8 bn in India which includes an FCCB of Rs 2.5 bn. Repayment for this is expected to begin in March 2011.

Outlook on domestic demand supply scenario remains favourable.


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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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Friday, September 18, 2009

[Investors Please Listen] Oil & Gas Sector Report ; BPCL, HPCL and IOC with a BUY rating and price targets of Rs.675, Rs.515 and Rs.785 respectively.

De-regulating - The key to re-rating


Indications of a partial de-regulation have set in motion the process of re-rating of the oil marketing companies (OMCs). With policy initiative being a strong rating trigger for the OMCs, the recent events are likely to help OMCs regain their historical peak valuations of 1-year forward P/BV of 2x. The government clarification that auto fuel under-recovery will be borne by upstream companies and cooking fuel under-recovery by the government - has paved the way for a proper subsidy sharing mechanism. We believe that a possible de-regulation of auto fuels would greatly ease the dependence of the OMCs on oil bonds, resulting in better working capital management and lower debt. Stable crude prices, lower under-recovery, healthy cash flows and consequently, a stronger balance-sheet warrant a re-rating of the OMCs. While the OMCs have already outperformed the broad market indices since May'09, we believe that there is still more steam left. As the policy initiatives reflect in the financials of the OMCs, we expect further re-rating. We initiate coverage on BPCL, HPCL and IOC with a BUY rating and price targets of Rs.675, Rs.515 and Rs.785 respectively.

n        Policy action suggest partial de-regulation

n        Under-recovery to reduce sharply

n        Significant improvement in balance sheet of OMCs

n        We expect stocks to get re-rated

Reco

Company

CMP (Rs)

TP (Rs)

BUY

BPCL

536

675

BUY

HPCL

379

515

BUY

IOC

634

785



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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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Thursday, September 17, 2009

[Investors Please Listen] BILT Q4FY09 results expectations: Net sales Rs 7.5 bn, PAT Rs 455 mn


BILT is expected to post its Q4FY09 and FY09 (June ending company) results on Monday, September 22, 2009. We expect consolidated net sales of Rs 7.5 bn, -5.3% YoY. EBITDA margins are expected to show an improvement of 150 bps YoY to 23.3% following which we expect EBITDA to increase by 1.1% YoY to Rs 1753 mn. Inspite of improved margins we expect the company to report a sharp fall in APAT (after minority interest) of 34.7% to Rs 455 mn. EPS for the quarter is expected at Rs 0.7 as against Rs 1.1 in Q4FY08. We have BUY recommendation on the stock with a price target of Rs 24.

For FY09 we expect company to report net revenues of Rs 28.6 bn, -1.9% YoY. We expect EBITDA to decline by 9.8% to Rs 6.6 bn resulting in an EBITDA margin of 23.1% as against 25.1% previous year. APAT (after minority interest) is expected to decline by 26.6% to Rs 1.8 bn resulting in an EPS of Rs 2.8 as against Rs 3.8 previous year which is a de-growth of 26.3%.

We have BUY recommendation on the stock with a price target of Rs 24.


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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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Wednesday, September 16, 2009

[Investors Please Listen] Canara Robeco Equity Diversified Fund - Superlative Performer 6 - month returns of 104.5% & 1 - year returns of 35.86%. (as on 15th Sep'09).

We are pleased to share the performance of Canara Robeco Equity Diversified Fund with you. The fund has been a consistent performer in its category with 6 - month returns of 104.5% & 1 - year returns of 35.86%. (as on 15th Sep'09).

Salient Features:

  • Canara Robeco Equity Diversified fund follows predominantly bottom-up approach of focusing on well-managed companies that are likely to deliver superior capital appreciation over the medium-term.
  • Focused on large caps with few high conviction mid cap ideas.
  • Well diversified equity portfolio with 41 stocks.

·         Top 10 holdings of the portfolio account for 38% of net assets.

A brief one pager of the fund is attached for your ready reference.

 


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Safe Harbor:
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[Investors Please Listen] Bharati Shipyard ups open offer for Great Offshore to Rs560 per share

Bharati Shipyard (BSL) has bought additional 1.12 mn shares (3% share) in Great Offshore (GOL) for a total consideration of Rs630 mn (at an average price of Rs598.8 per share). Thus, it has increased its stake in GOL to 22.5%. Following the above acquisition, BSL has increased the open offer price to Rs560 per share. BSL's offer price is at a premium of 7.7% over ABG Shipyard's (ABGS) offer price of Rs520 per share.

Post the above increase in open offer price, BSL's cost of acquiring 20% interest in GOL has increased from Rs3.2 bn (at Rs403/Share) to Rs4.4 bn, while its DER would increase from 0.8X to 1.8X (pre warrant issue). In the event, the bidding war between ABGS and BSL intensifies further; it is likely to significantly increase the cost of acquisition, negatively impacting the attractiveness thereof. However, the long term interests are likely to remain intact.

At CMP, the stock is trading at 3.7X FY10E and 5.4X FY11E earnings of Rs55.7 and Rs38.5 per share respectively. We have a 'HOLD' rating on the stock with a target price of Rs171.


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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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[Investors Please Listen] Apply Thinksoft Global-IPO Rs. 120/- to Rs. 130/- @0-9818269396



THINKSOFT GLOBAL SERVICES LIMITED

Book Running Lead Manager

Karvy Investor Services Limited

Co-Book Running Lead Manager

Chartered Capital and Investment Limited

Syndicate Members

Karvy Stock Broking Limited

Issue Opening Date

22nd September, 2009

Issue Closing Date

24th September, 2009

Issue Size

36,46,000 Equity Shares

Price Band

Rs. 120/- to Rs. 130/-

Bid Lot

50 shares

Registrar to the Issue

Karvy Computershare Private Limited

No. of Equity Shares allotted categorywise

QIB

18,23,000

Non Insitutional Bidder

5,46,900

Retail

12,76,100

 

 


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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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[Investors Please Listen] Pipavav Shipyard IPO : we recommend ‘AVOID’ subscription. We would prefer an entery point closer to that by co-promoter Punj Lloyd.

Pipavav Shipyard
 
Steeply Priced


Pipavav Shipyard Ltd (PSL) is setting up India's largest shipyard with unmatched state-of-the art facilities. On completion, PSL will be able to construct, fabricate and repair a range of vessels in the merchant, offshore and defence sectors. We maintain a negative outlook on the global shipbuilding industry. However, we believe that PSL, with its world-class facilities and capability to handle large sized vessels, is best placed amongst its Indian counterparts to tap the huge opportunity (at Rs150-200 bn pa) in the Indian defence sector. Further, offshore fabrication and ship repair also present a lucrative opportunity. However, these could witness slow ramp up and initial teething troubles. Further, only 52% of PSL's Rs45.0 bn order book is firm, with orders worth Rs18.0 bn under negotiation or arbitration. Since PSL has recently commenced operations in FY10 (Apr'09), we have valued PSL on EV/Order book. At the higher end of the band (Rs60/Share), PSL shall command an EV/Order book multiple of 1.1X, much higher than peers ABG Shipyard (0.2X) and Bharati Shipyard (0.3X). At P/BV of over 2.0X, PSL is at a significant premium to its Indian counterparts, ABG Shipyard (1.5X), Bharati Shipyard (0.8X) and global peers. Given its expensive valuations, we recommend 'AVOID' subscription. We would prefer an entery point closer to that by co-promoter Punj Lloyd.


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Friday, September 11, 2009

[Investors Please Listen] Pulse - IIP on the growth path; Update - Sun Pharma (PT revised to Rs1,283 ); Telecom (Major telecos see no disruption)

Major telecos see no disruption despite Tata DoCoMo offerings
Net telecommunication (telecom) subscriber additions in August 2009 stood at 9.3 million (excluding the numbers of Reliance Communications [RCom] that has yet to disclose its numbers). This is a marginal decline of 1.8% month on month (mom) in net additions. India?s total telecom subscriber base (excluding RCom) increased to 322.17 million at the end of August 2009, implying a growth of 3% over July 2009.


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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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[Investors Please Listen] IPO Update: Pipavav Shipyard Limited Price Band Rs.55-60, Closing on 18th September

The public issue details of Pipavav Shipyard Limited IPO are as mentioned below: -
     
Books Open              16th September 2009, Wednesday

Books Close              18th September 2009, Friday

Price Band                55-60


Lot Size                      110 Shares & multiple of 110 thereafter

 

QIB Book                   50,910,135   Equity shares (60% of the Net issue size)

Retail Book                25,455,068 Equity shares (30% of Net issue size)

HNI Book                   8
,485,022   Equity shares (10% of Net issue size)

Employee 

Reservation               up to 600,000 Equity shares.

Total No of

Shares offered            85,450,225
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Safe Harbor:
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Thursday, September 10, 2009

[Investors Please Listen] L&T bags Rs4.1 bn orders in Nuclear Power space, At CMP the stock is trading at rich valuations of 27.2X FY10E and 22.6X FY11E consolidated earnings of Rs58.9 and Rs70.8 per share respectively. We have a HOLD rating on the stock.

L&T has bagged orders worth Rs4,050 mn in the nuclear power space:

n    It has bagged a repeat order from Nuclear Power Corporation of India for four steam generators. The order involves design, manufacture and supply of four steam generators for 700 MWe pressurized heavy water reactors for NPCIL's Rajasthan Atomic Power Plant (7 & 8). L&T had previously bagged an order for supply of 4 steam generators to NPCIL's Kakrapar Atomic Power Project (3 & 4) worth Rs3,450 mn.

n    L&T has also bagged a technology development order from Department of Atomic Energy (DAE, MRPU) for welded grid plate as per a new IGCAR design.

With the above orders, L&T has bagged orders worth Rs163 bn YTD (H1FY09 order intake - Rs247 bn) – equivalent to 27.5% of our FY10E order inflow estimates. We reiterate that achieving management order inflow guidance of 25-30% in FY10E will be herculean task and expect order inflow growth at a lower 15%. L&T's total order book stands at Rs784 bn. At CMP the stock is trading at rich valuations of 27.2X FY10E and 22.6X FY11E consolidated earnings of Rs58.9 and Rs70.8 per share respectively. We have a HOLD rating on the stock.


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[Investors Please Listen] Engineeing, Capital Goods & Infrastructure Sector Update ;we prefer BHEL, McNally, TRF and IVRCL over Thermax, Punj Lloyd and Elecon.

For Engineering, Capital Goods and Infrastructure (ECI) companies, the old adage and popular notion that "investment spending in the trough period will witness sharp reduction and subsequent recovery will be more gradual" seems unlikely to hold true and is likely to surprise everyone positively. Stable economic growth, albeit at lower levels and the promise of a strong demand momentum in FY11E and FY12E, are likely to result in the period of slowdown in investment spends remaining 'Brief' and 'Momentous' versus the earlier fear of a prolonged downturn. Further, the three pre-conditions for broader participation in capital spends i.e. (1) underlying demand momentum (2) willingness by private sector to install capacities and (3) ability to achieve project-financing closure, are at work.

We have forecasted nominal growth in capital spends at 13% in FY10E, thereafter strengthening to 17% and 18% in FY11E and FY12E respectively. It is public spends that will drive capital spends in FY09-12E period with nominal growth of 16%, 18% and 19% in FY10E, FY11E and FY12E respectively. Private spends are likely to report lower nominal growth at 12% in FY10E and rebound thereafter to 16% and 18% in FY11E and FY12E respectively. Thus, the expected growth in capital spends at 16% CAGR in FY09-12E period is likely to translate into an earnings CAGR of 22% for our ECI universe. We expect our ECI universe to report an earnings growth of 19% in FY10E, thereafter strengthening to 24% in FY11E and broadening to 23% in FY12E.

We have valued the companies in our ECI universe on FY11E earnings to capture their true growth potential. Further, we have solely focused on the single valuation method of PER to value core engineering business, which in turn, is derived from three different measures i.e. (1) Average PER in FY04-08 period (2) Average PEG in FY04-08 period and (3) Average premium to index valuation in FY04-08 period. Further, we have added the embedded values (BOT, subsidiary and JV businesses) to the target valuation of core engineering business to arrive at the target value of the ECI companies under coverage. Consequently, we have assigned target prices of Rs2378/Share, Rs1525/Share, Rs242/Share, Rs417/Share, Rs81/Share, Rs222/Share, Rs579/Share and Rs427/Share for Bharat Heavy Electricals (BHEL), Larsen & Toubro (L&T), Punj Lloyd, Thermax, Elecon Engineering (Elecon), McNally Bharat (McNally), TRF and IVRCL Infrastructure (IVRCL) respectively. We believe that the 'Best Plays' in the current capital spend cycle are companies exposed to 'STRUCTURAL CAPEX'. Hence, we prefer BHEL, McNally, TRF and IVRCL over Thermax, Punj Lloyd and Elecon.


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Wednesday, September 9, 2009

[Investors Please Listen] IPO Update : Pipavav Shipyard Limited 16 sept to 18-sept 2009, Total Size of the Issue - Rs.450 Crs - Rs.500 Crs (Approximately)

The public issue details of Pipavav Shipyard Limited IPO is as mentioned below: -
     
Books Open              16th September 2009, Wednesday

Books Close              18th September 2009, Friday

Price Band                Will be decided two days prior to the issue.

Lot Size                      Will be decided two days prior to the issue.

 

QIB Book                   5,09,10,135 shares (60% of the Net issue size)

Retail Book                2,54,55,068 shares(30% of Net issue size)

HNI Book                   84,85,022 shares (10% of Net issue size)

Employee

Reservation                up to 6,00,000 shares.

Total No of

Shares offered            8,54,50,225

Total Size of the Issue -      Rs.450 Crs - Rs.500 Crs (Approximately)

 


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Monday, September 7, 2009

[Investors Please Listen] Tata AIG Life InvestAssure Apex


Tata AIG Life InvestAssure Apex is a unique unit linked life insurance plan that provides a platform ensuring the upside potential of the equity markets while safeguarding the investor's interest by offering a Guaranteed Maturity Unit Price (GMUP)#.

This product is available for a limited period only.

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Key Features:

  • Premium payment option of 3 years
  • Policy benefits for 10 years
  • Unique feature of Guaranteed Maturity Unit Price (GMUP) #
  • Option of partial withdrawal

Key Benefits:

  • Pay for 3 years and enjoy benefit for 10 years
  • GMUP# gives you a benefit of NAV (Net Asset Value) insurance that means your NAV is guaranteed in case of market volatility.
  • Life cover to protect your loved ones from financial uncertainty
  • Flexibility of partial withdrawal to meet your liquidity needs

Riders:

  • Option to attach any of the 3 following riders at a nominal extra cost - Tata AIG Life Accidental Death Benefit (ADB) Rider (UIN 110C003V01), Tata AIG Life Accidental Death and Dismemberment (ADDL) (Long Scale) Rider (UIN 110C004V01) or; Tata AIG Life Critical Illness (Lump Sum) Rider (UIN 110C012V01).

Eligibility Criteria:

  • Minimum issue age of 18 years, maximum issue age of 70 years with maximum age at maturity of 80 years.
  • Minimum Premium: Rs.90,000 p.a.
  • Minimum Sum Assured: 5 * Annualized Premium
  • Maximum Sum Assured: 60 * Annualized Premium
  • Premium payment mode: Annual only

Tax Benefits

  • • Premiums paid under this plan are eligible for tax benefits under section 80C of the Income Tax Act, 1961. Premium paid towards Tata AIG Life Critical Illness Lump Sum Benefit Rider is eligible for tax benefit U/s 80D of the same act. Moreover, life insurance proceeds enjoy tax benefits as per section 10(10D) of the said Act.

#GMUP: "Guaranteed Maturity Unit Price" means the highest Unit Price of the Apex Return Lock-in Fund II recorded on the one hundred (100) Reset Dates. The Unit Price is Rs. 10 on the first Reset Date. The Guaranteed Maturity Unit Price is applicable to the Apex Return Lock-In Fund II and for the purpose of determining the Maturity Benefit only.


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[Investors Please Listen] Oil India IPO fully subscribed on its day 1 - 1.28 Times

Oil India Ltd IPO fully subscribed on its day 1. Oil India received bids for 3,38,01,492 shares against issue size of 2,64,49,982 shares. The issue of Oil India opens today on September 7, 2009, and closes for subscription on September 10, 2009. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Detailed subscription of Oil India IPO on day 1 (Monday, September 07, 2009)

Qualified Institutional Buyers (QIBs): 2.3154 Times
Non Institutional Investors: 0.0022 Times
Retail Individual Investors (RIIs): 0.0518 Times
Employees: 0.0076 Times
Total: 1.28 Times
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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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Sunday, September 6, 2009

[Investors Please Listen] Apply for OIL INDIA LIMITED @0-9818269396

Forthcoming Issues at NSE

Symbol - Series

OILIND EQ

Issue Period

Sep 07, 2009 to Sep 10, 2009

Issue Size

26449982 equity shares

Issue Type

100% Book Building

Face Value

Rs. 10/-

Price Range

Rs. 950 To Rs. 1050.

Tick Size

Re. 1/-

Market Lot

6 Equity Shares

Minimum Order Quantity

6 Equity Shares

Maximum Subscription Amount for Retail Investor

Rs.100000

IPO Market Timings

10.00 a.m. to 5.00 p.m.

IPO Grading

IPO GRADE 4

Rating Agency

CRISIL

Book Running Lead Manager

JM Financial Consultants Private Limited, Morgan Stanley Company India Private Limited, Citigroup Global Markets India Private Limited and HSBC Securities and Capital Markets (India) Private Limited

Syndicate Member

JM financial Services Private Limited

Categories

FI, IC, VC, MF, FII, FVCI, SIDC, PF, PEF, MLA, BDFI, NIF, CO,FIISA, IND, HUF, NRI ,OTH,EMP and DIR.

No. of Cities with Bidding Centers

56

Name of the registrar

Karvy Computershare Private Limited

Address of the registrar

Karvy House 46, Avenue 4, Street Number 1, Banjara Hills, Hyderabad, 500 034, Andhra Pradesh, India.

Contact person name number and Email id

Mr. M. Murali Krishna, TTel: +91 40 2342 0815 Toll Free Number: 1-800-345 4001 Email: ganapathy@karvy.com

Prospectus

Click Herehttp://www.nseindia.com/images/zip.gif

IPO Grading

Click Herehttp://www.nseindia.com/images/zip.gif

 

 


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Safe Harbor:
The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.

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Investors Please Listen !

 
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Call: 9818269396 
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com

 

 

Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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